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Sep 27, 2012
09/12
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obviously the defense industries are, but we have to have more reductions in defense spending. much more savings. some of the problems like health care cost are heating up more and more. liz: senator john mccain talk about cutting the defense budg budget. get rid of all tax deductions, leaving the mortgage deduction and the charitable deduction. coming up live from the concordia summit at the plaza hotel, first united states ambassador to iraq when iraq was finally liberated from saddam hussein, lot of businesses wanted to get in on that country to help rebuild it. what are the challenges? we know there were some problems. also, the u.s. ambassador to the united states coming up next. we will be back with more of "countdown to the closing bell." [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you
obviously the defense industries are, but we have to have more reductions in defense spending. much more savings. some of the problems like health care cost are heating up more and more. liz: senator john mccain talk about cutting the defense budg budget. get rid of all tax deductions, leaving the mortgage deduction and the charitable deduction. coming up live from the concordia summit at the plaza hotel, first united states ambassador to iraq when iraq was finally liberated from saddam...
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Sep 29, 2012
09/12
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melissa: in their defense the chicago public schools put out a statement saying over the past year we cut more than half a billion dollars all outside the classroom. we know this isn't enough to undo years of revenue losses as misplaced priorities. they say, they go on to say, say that like it is has been somebody else who spent all of this money and here they are the ones that are currently agreed to this tax hike, to this pay hike in order to end the strike. >> yeah. mayor rahm emanuel agreed to a contract he knew that the city could not afford. it is pretty clear there will be some blunt instruments used to try to cut costs. we're talking about a significant number of school closing. big layoffs. neither of which is good for chicago and chicago kids. but when you agree to contracts that you can not begin to afford, there are going to be consequences. melissa: what do you think is the lesson that other school districts around the country take away from this? do you think other teachers see this and say, you know, those teachers were tough. they went out on strike, we should do the s
melissa: in their defense the chicago public schools put out a statement saying over the past year we cut more than half a billion dollars all outside the classroom. we know this isn't enough to undo years of revenue losses as misplaced priorities. they say, they go on to say, say that like it is has been somebody else who spent all of this money and here they are the ones that are currently agreed to this tax hike, to this pay hike in order to end the strike. >> yeah. mayor rahm emanuel...
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Sep 25, 2012
09/12
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>> i think that romney did, president obama looking defensive. and when he looks defensive he is not obama 2008. >> i do not agree, i think that own ebobama swept it he was cled looked human, and took characteristic that americans like about him, his likability. lou: i thought this first two parts, the two men were responding to questions, that was a tie between the two. have you two smart knowledgeable guys, second part with issue of leadership, scott pelley, and crop, and i mean, romney was terrific, i have to tell i, obama of flat as he could be. that is the reason i give the night to romney. >> thank you, both. appreciate it. >> thank you, lou. lou: a slow weekend at the box was on the, i mean close. somebody is getting kind of tired of hollywood. and what they are putting out, overall box office receipts down 25% from the si -- same period r ago, something is going on, hollywood better figure it out, iit may have something to to wih their talk about politics, and police drama end of watch, taking top spot with $13.1 million, that is all, and
>> i think that romney did, president obama looking defensive. and when he looks defensive he is not obama 2008. >> i do not agree, i think that own ebobama swept it he was cled looked human, and took characteristic that americans like about him, his likability. lou: i thought this first two parts, the two men were responding to questions, that was a tie between the two. have you two smart knowledgeable guys, second part with issue of leadership, scott pelley, and crop, and i mean,...
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we have the vice president of foreign defense policies studies at the american enterprise institute. thanks to both of now for joining us. these are dramatic pictures and dramatic events. as i'm reading about this, i'm reading about tear gas being used against demonstrators setting fire to tires. there there is all kinds of reports what is going on right now in iran. i mean is this the beginning of something big? walid, what do you think? >> well, yes that is the next wave we've been waiting for. remember in 2009 there was a massive demonstration of about 1.5 to two million iranians. mostly youth. but that was a political reason. now because of an economic reason. it is very serious. all defense militia -- melissa, depends not on how many are in the streets and depends what the international community is going to do including the united states. melissa: do you agree with that? >> i don't think it is the beginning of the end for the regime. i think the regime is at risk because this is something that affects all iranians. it is not about the nuclear program which many iranians don't c
we have the vice president of foreign defense policies studies at the american enterprise institute. thanks to both of now for joining us. these are dramatic pictures and dramatic events. as i'm reading about this, i'm reading about tear gas being used against demonstrators setting fire to tires. there there is all kinds of reports what is going on right now in iran. i mean is this the beginning of something big? walid, what do you think? >> well, yes that is the next wave we've been...
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ashley: a lot of money still going into the defensive sectors. it seems to me they are not buying the qe3 par being thrown, still being conservative. >> and why should we? the upside for a number of these cyclical industries is quite limited compared to what else was three years ago. a great skepticism into all the seamless mesh is taking place overseas and secondly whether or not they will work so that global spending becomes enlightened. ashley: the euro zone debt crisis still not solved but maybe now buying the government bond, is china a bigger worry for a slowdown? clearly slowing down, that they have a big impact. >> chinese exports to europe have declined because of the recession in europe. youthe european union down 23% m a year ago. that hurts. the chinese government i am sure are feeling the same thing. china slowing down because of an earlier tightening of monetary policy meant to contain inflation in china and probably succeeded at containing inflation but in doing so also slowed domestic spending considerably. the worldeconomy suffer
ashley: a lot of money still going into the defensive sectors. it seems to me they are not buying the qe3 par being thrown, still being conservative. >> and why should we? the upside for a number of these cyclical industries is quite limited compared to what else was three years ago. a great skepticism into all the seamless mesh is taking place overseas and secondly whether or not they will work so that global spending becomes enlightened. ashley: the euro zone debt crisis still not...
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Sep 26, 2012
09/12
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that's a group that was quite defensive and shows the resiliency of the consumer. david: nicole, thank you very much. well, housing stocks, big story, they, of course, were down as new home sales failed to meet expectationsings -- expectations, but home sales were up in the august. if you believe now is the time to invest, where do you turn? we go to robert wettenhall who has provided us with extraordinary information in the past, last time you picked several stocks that were up 25%, but they were down today significantly. hovnanian down almost 6 president. why down so much in one day? >> markets had a fantastic run. these stocks have definitely outperformed the market, and the news today makes people question how real is the upward improvement in housing. our view, it's definitely real when you see an 11% improvement in pricing, you've got to be optimistic. lennar reported on wednesday, fantastic. david: we have those numbers, i think we can put it up on the screen the. lennar homes, the quarter ending in august. homes delivered, 3,665. home orders, 4,198, that's
that's a group that was quite defensive and shows the resiliency of the consumer. david: nicole, thank you very much. well, housing stocks, big story, they, of course, were down as new home sales failed to meet expectationsings -- expectations, but home sales were up in the august. if you believe now is the time to invest, where do you turn? we go to robert wettenhall who has provided us with extraordinary information in the past, last time you picked several stocks that were up 25%, but they...
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Sep 28, 2012
09/12
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that is the first -- defense spending. stuart: i have health care. you say health care will do well in the event of a romney win. explain that. >> specific companies and the health-care field especially medical device companies that create the most high end products which are expensive but raise the quality of our health care system those types of companies will benefit. during the affordable care act when it was drafted we added 2.3% tax on those companies so that tax might be repealed or reform. more ingenuity of type companies. stuart: that was a tax -- [talking over each other] stuart: 2.3%. if it goes away than that particular group biotech does well. >> under the current system is difficult to pass these types of costs to the end consumer. high end medical equipment. stuart: turn this around. suppose president obama gets a second term. industry winner. which is it? >> low-cost retailers. and dray romney presidency we are most likely to have a tax reform which will include value-added tax and the low-cost retailers are extremely tax sensitive. i
that is the first -- defense spending. stuart: i have health care. you say health care will do well in the event of a romney win. explain that. >> specific companies and the health-care field especially medical device companies that create the most high end products which are expensive but raise the quality of our health care system those types of companies will benefit. during the affordable care act when it was drafted we added 2.3% tax on those companies so that tax might be repealed...
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in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a
in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an...
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Sep 28, 2012
09/12
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defense spending will be cut. states like virginia get hammered right? still some people are saying let us go over the cliff. let the federal government learn their lesson. how come? >> well there's a great sense among some state leaders that because many of the funding programs that are the primary source of revenue from the federal government that flow to the states are exempted from the sequester requirements. however sequester alone, those automatic cuts that go into place on january 2nd, aren't the only elements of this fiscal cliff. the fact that congress hasn't reauthorized temporary aid to needy families the welfare program, it expires on september 30th. the lame-duck congress will have to make a decision when the new fiscal year for the federal government starts october 1st, that funding stream. alternative minimum tax that expired last year. bush tax cuts that expire on january 2nd. do we increase withholding or not? how do we administratively administrate policies that make sense? what states want in regard to relationship with the federal gov
defense spending will be cut. states like virginia get hammered right? still some people are saying let us go over the cliff. let the federal government learn their lesson. how come? >> well there's a great sense among some state leaders that because many of the funding programs that are the primary source of revenue from the federal government that flow to the states are exempted from the sequester requirements. however sequester alone, those automatic cuts that go into place on january...
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Sep 26, 2012
09/12
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his defensive coordinator 25 grand for publicly criticizing officials. washington redskins offensive coordinator kyle shanahan was hit with a $25,000 fine for berating. and new england patriots coach is expected to be fined today for grabbing a referee's arm. here are my arms crossed and not turning the television on to watch any nfl games until they bring the referees back. connell: what will one woman's protest -- dagen: don't care. i can't give like hours of my life to watching some game like monday. and it ends like that. connell: you do devote a lot of time to watching cars go in a circle. dagen: that's different. connell: it is different all right. more on those protests that are happening here and there. there's the national strike in greece that has people today clashing with the police. dagen: and in new york thousands voice their anger against iran's president as he addresses the united nations. cheryl and dennis will find out what investors are watching when we come back. [ engine revving ] ♪ [ male announcer ] every car we build must make a
his defensive coordinator 25 grand for publicly criticizing officials. washington redskins offensive coordinator kyle shanahan was hit with a $25,000 fine for berating. and new england patriots coach is expected to be fined today for grabbing a referee's arm. here are my arms crossed and not turning the television on to watch any nfl games until they bring the referees back. connell: what will one woman's protest -- dagen: don't care. i can't give like hours of my life to watching some game...
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Sep 28, 2012
09/12
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dagen: if you pay no federal income tax you don't pay a penny for the federal defense. you do not pay a dime to men and women risking their lives to protect our freedom and i think there are plenty of good arguments being made to rationalize the tax code making everybody pay at least a tiny bit of money. >> for their own reasons divided the country. dagen: we have been talking about that. go ahead. connell: your profession has come under attack. what is going on? what is going on right now? >> obama is ahead, that much is clear. many oversampling democrats, part of that is potentially bad polling but some of it is also people when they're voting for a candidate can't identify with that candidates party. there is also, i believe, a reservoir of people who don't like governor romney and don't like president obama and ultimately will come back and support governor romney suggesting the fox news poll is probably right. dagen: some people on the right, some people who back mitt romney are upset even if the polling is skewed some more than others, but is it detrimental to vot
dagen: if you pay no federal income tax you don't pay a penny for the federal defense. you do not pay a dime to men and women risking their lives to protect our freedom and i think there are plenty of good arguments being made to rationalize the tax code making everybody pay at least a tiny bit of money. >> for their own reasons divided the country. dagen: we have been talking about that. go ahead. connell: your profession has come under attack. what is going on? what is going on right...
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Sep 25, 2012
09/12
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the reason is despite a spirited defense of the eurobond buying program by mario draghi some hard data came out about the spanish budget deficit and it suggested the tax revenue down 4.6% year over year and at the same time showing the government spending goes, 8% in the month of august. doesn't sound like austerity to me or the oil traders and after they came up oil reversed direction. more worried about europe. melissa: gold is an interesting story as well. price topping out at $1,800 was the estimate and morgan stanley thinks silver will outperform. i don't know about that. what do you think? phil: i think silver will. i am bullish on gold and i think $1,800 -- we will go a lot higher. the market is consolidating after a historic run. there will be a lot of quantitative easing coming out of the table and we know that will be bullish. in the middle east, at in the consensus of the middle east. one of the things they pointed out was india demand. i am not worried about that. part of that was because they had a strike. they were upset with the jeweler's. that will rebound. with quantit
the reason is despite a spirited defense of the eurobond buying program by mario draghi some hard data came out about the spanish budget deficit and it suggested the tax revenue down 4.6% year over year and at the same time showing the government spending goes, 8% in the month of august. doesn't sound like austerity to me or the oil traders and after they came up oil reversed direction. more worried about europe. melissa: gold is an interesting story as well. price topping out at $1,800 was the...